Tag: Ether

Analyst Sets Bullish Ether (ETH) Price Target as Ethereum Blockchain Settlements Soar to 7-Month High

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Bitcoin and Ether record low trading volumes on South Korea’s biggest crypto exchange

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A recent report revealed that altcoin trading in the South Korean cryptocurrency market was high, in contrast to majors like Bitcoin (BTC) and Ether (ETH) where trading activity has declined in comparison.  The number of South Korean investors was estimated to reach about six million in the first six months of 2023, a figure accounting for 10 percent of the South Korean population, according to a survey carried out by the Korea Financial Intelligence Unit, as reported by DeSpread Research. Meanwhile, most of these investors use centralized exchanges (CEXes) for…

Bitcoin and Ether Options Activity Hits $20B

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The crypto options market is booming. The notional open interest, or the dollar value locked in active bitcoin and ether options contracts on leading exchange Deribit has risen to $20.64 billion, according to data tracked by Switzerland-based Laevitas. The tally nearly parallels the peak registered on Nov. 9, 2021, when bitcoin traded above $66,000, 90% higher than the going market rate of $34,170. In other words, the current open interest in contract terms is significantly higher than in November 2021. “The milestone has been achieved with nearly double the number…

What’s Next for Bitcoin (BTC) and Ether (ETH) Prices Ahead of $4.5B Options Expiry

“The milestone has been achieved with nearly double the number of outstanding contracts, representing not just a substantial triumph for Deribit, but also a clear indicator of the broader market growth and the escalating interest in options among our clients,” Luuk Strijers, chief commercial officer at Deribit, told CoinDesk. Deribit controls 90% of the global crypto options activity. Source

Why is Ether (ETH) price up today?

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Ethereum’s native token, Ether (ETH), is up today, mirroring gains elsewhere in the cryptocurrency market as investors go bullish on a potential spot Bitcoin ETF approval in the U.S. On Oct. 25, ETH’s price stabilized around $1,800, a psychological resistance level, after rallying nearly 9% this week. The cryptocurrency’s upside moves accompanied a rise in daily trading volumes, indicating strong interest in Ether from buyers. ETH/USD daily price chart. Source: TradingView Let’s look close at the factors that have driven the price of ETH up in the past few days.…